Rabat asks for new prices on Safi power project

24 June 2010

New site study prompts call for fresh bids

Morocco’s state utility Office National de l’Electricite (ONE) has asked the two bidders on its planned Safi independent power project (IPP) to submit revised prices after a review of the proposed site.

Marine studies are complete and Office National de l’Electricite has requested adjusted bids

The companies received additional information on the site on 23 June. Marine studies have been completed and ONE has requested adjusted bids taking the new information in to account.

France’s EDF (Electricite de France) and the UK’s International Power with Nareva, a subsidiary of the local ONA Group, submitted bids for the project in March.

The firms had until 12 March to submit initial offers for the 1,320MW coal-fired project, following an extension of the deadline from an original 31 October cut-off date.

The plant is being tendered on a build-own-operate (BOO) basis under a 30-year contract.

ONE originally planned to take responsibilty for the supply of coal feedstock and the construction of coal-handling facilities at Safi port as part of the project. In March 2009, the firm shifted this responsibility onto the developer.

The UK’s HSBC is financial adviser on the project, while US firm Chadbourne & Parke is legal adviser, and the US’ Sargent & Lundy is technical adviser.

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